Median Earnings (1yr)
$66,334
87th percentile (80th in CA)
Median Debt
$13,516
41% below national median
Debt-to-Earnings
0.20
Manageable
Sample Size
301
Adequate data

Analysis

UCSB's economics program delivers exceptional value that often gets overshadowed by Stanford and Berkeley. Starting at $66,334 and climbing to $88,311 within four years, graduates here earn more than 80% of economics majors across California—despite paying roughly $3,300 less in debt than the state average. That debt-to-earnings ratio of 0.20 means graduates could theoretically pay off their loans in less than three months, one of the best positions we've seen for any economics program.

What makes this particularly compelling is the trajectory: 33% earnings growth in three years suggests UCSB grads are landing roles with genuine advancement potential, not just entry-level positions that plateau. The gap between UCSB ($88,311 at year 4) and Berkeley ($80,446 at year 1) narrows considerably when you account for four years of earnings and career progression. And compared to private alternatives like Santa Clara ($76,606), UCSB delivers similar outcomes at a fraction of the total cost for in-state students.

For California families, this is straightforward: UCSB offers top-tier economics training and outcomes at UC pricing. Your child gets access to a selective program (28% admission rate) that outperforms 87% of economics programs nationally, with minimal debt burden. Unless your student is choosing between this and Stanford or a full-ride elsewhere, UCSB economics represents one of the strongest return-on-investment scenarios in the state.

Where University of California-Santa Barbara Stands

Earnings vs. debt across all economics bachelors's programs nationally

University of California-Santa BarbaraOther economics programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How University of California-Santa Barbara graduates compare to all programs nationally

University of California-Santa Barbara graduates earn $66k, placing them in the 87th percentile of all economics bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in California

Economics bachelors's programs at peer institutions in California (55 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
University of California-Santa Barbara$66,334$88,311$13,5160.20
Stanford University$98,104$127,416$12,5000.13
Claremont McKenna College$89,505$115,832$12,0000.13
University of California-Berkeley$80,446$106,624$13,0000.16
Santa Clara University$76,606$102,794$19,5000.25
Pomona College$70,051$100,669——
National Median$51,722—$22,8160.44

Other Economics Programs in California

Compare tuition, earnings, and debt across California schools

SchoolIn-State TuitionEarnings (1yr)Debt
Stanford University
Stanford
$62,484$98,104$12,500
Claremont McKenna College
Claremont
$64,150$89,505$12,000
University of California-Berkeley
Berkeley
$14,850$80,446$13,000
Santa Clara University
Santa Clara
$59,241$76,606$19,500
Pomona College
Claremont
$62,326$70,051—

About This Data

Source: U.S. Department of Education College Scorecard (October 2025 release)

Population: Graduates who received federal financial aid (Title IV grants or loans). At University of California-Santa Barbara, approximately 28% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.

Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.

Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.

Sample Size: Based on 301 graduates with reported earnings and 294 graduates with debt data. Small samples may not be representative.